Funding you earn now, next payment 05:00 UTC−0.0058%/8h= −6.4% APRpaid last 24h −0.020%
Price spread now: MEXC against Hyperliquid−0.052%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$100.104% of the position
Funding, last 7 days−0.337%−$34 on $10k
+Price spread, last 7 days−0.008%−$1 · spread now −0.052%, 7d avg −0.030%
=Together, before fees−0.345%+ Points / potential airdropHyperliquid: Season 2 · farm board−$34 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and MEXC is 0.022% cheaper against Hyperliquid than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.030%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ZEC | 1,457.8 | 0.0158 | pay 0.0020% / 1h | 53m 26s | $758.3M | $428.4M | 10x |
| Short | MEXC ZEC_USDT | 1,457 | 0.0100 | get 0.0100% / 8h | 3h 53m | $213.4M | $764.4M | 150x |
Hyperliquid ZEC
MEXC ZEC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$12.27
- Price spread: −0.052% → −0.030%
- −$2.23
- Slippage, 4 orders
- −$1.41
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$24.91
- Costs to cover
- 0.104%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; MEXC: live order book, 6 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Hyperliquid live order book, 11 min ago | 0.34 bp | 4.8 bp −$5 | 6.6 bp −$66 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 6 min ago | 0.03 bp | 0.1 bp $0 | 0.8 bp −$8 | 49.9 bp −$4,988 | 83.3 bp −$41.6K |
ZEC on 51 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective ZEC/USDC PERP | −0.3042% | 1h | 1,456 | −0.123% | $34K | $272K | 12x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,455.8 | −0.139% | $6K | $1K | 10x | as long as short |
| BloFin ZEC-USDT | −0.0070% | 8h | 1,456.4 | −0.098% | $29.6M | $70.8M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,455.7 | −0.145% | $410K | $37K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,455.4 | −0.166% | $1.5M | $4.5M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,455.8 | −0.139% | $83K | $240K | 10x | as long as short |
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,457.1 | −0.048% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0064% | 8h | 1,457 | −0.055% | $291K | $952K | 20x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0072% / S −0.0024% | 1h | 1,456.9 | −0.063% | $409K | — | 100x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,455.9 | −0.129% | $174K | $1.7M | 50x | as long as short |
Injective ZEC/USDC PERP
Hotstuff ZEC-PERP
BloFin ZEC-USDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZEC
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
GMX ZEC/USD [WBTC.b-USDC]
Popdex ZECUSDTShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,456 | −0.122% | $10K | $858K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,456.1 | −0.119% | $60K | $43K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,456.1 | −0.116% | $2.8M | $6.6M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,456 | −0.121% | $14.8M | $27.9M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,456.1 | −0.118% | $1.7M | $2.4M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,457.1 | −0.047% | $669.2M | $2.20B | 75x | as long as short |
| Bybit ZECUSDT | +0.0100% | 8h | 1,456.5 | −0.093% | $261.4M | $600.8M | 75x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0100% | 8h | 1,457 | −0.055% | $178.2M | $1.22B | 50x | as long as short |
| Ondo Perps ZEC-USD.P | +0.0100% | 1h | 1,454.1 | −0.254% | $395K | $441K | 5x | as long as short |
| Bulk ZEC-USD | +0.0100% | 1h | 1,454 | −0.260% | $878K | $18K | 10x | as long as short |
| Gate ZEC_USDT | +0.0100% | 8h | 1,456.9 | −0.062% | $50.5M | $170.1M | 75x | as long as short |
| MEXC ZEC_USDTshort | +0.0100% | 8h | 1,457 | −0.052% | $213.4M | $764.4M | 150x | |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,456.2 | −0.110% | $102.7M | $53.7M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,457.2 | −0.044% | $165.7M | $270.5M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,456.9 | −0.062% | — | $105.6M | — | as long as short |
| Variational Omni ZEC | +0.0100% | 8h | 1,454 | −0.259% | $47.7M | $32.6M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,454.5 | −0.229% | $566K | $8.5M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,455.1 | −0.184% | $3.0M | $451K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,455.5 | −0.158% | $404K | $942K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,454.8 | −0.205% | $49K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,456.4 | −0.096% | $354K | $1.8M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,456.9 | −0.059% | $161K | $185K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,453.1 | −0.320% | $444K | $521K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,456.8 | −0.072% | $3K | $1.1M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,454.5 | −0.228% | $233K | $3.4M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,453.8 | −0.276% | $2.7M | $18.4M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,455.1 | −0.185% | $3.8M | $5.1M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,457.1 | −0.049% | $2.8M | $7.7M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,457.2 | −0.042% | $47K | $151K | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0112% | 1h | 1,456 | −0.125% | $8K | $7K | 5x | as long as short |
| Phoenix ZEC | +0.0116% | 1h | 1,457.7 | −0.009% | $4.6M | $1.3M | 10x | as long as short |
| Hyperliquid ZEClong | +0.0158% | 1h | 1,457.8 | long leg | $758.3M | $428.4M | 10x | |
| Lighter RH ZEC | +0.0160% | 1h | 1,457.1 | −0.047% | $2.1M | $7.0M | 10x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0172% | 1h | 1,454.9 | −0.200% | $2.4M | $3.9M | 15x | as long as short |
| Lighter ZEC | +0.0176% | 1h | 1,457.1 | −0.047% | $19.2M | $44.7M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0216% | 1h | 1,456 | −0.120% | $922K | $1.1M | 10x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0218% | 1h | 1,455.1 | −0.187% | $614K | $1.3M | 25x | as long as short |
| Kraken Futures PF_ZECUSD | +0.0333% | 1h | 1,454.4 | −0.235% | $18.0M | $45.1M | 25x | as long as short |
| Arcus ZEC-USD | +0.0344% | 1h | 1,457.5 | −0.017% | $686K | $8.2M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0464% | 1h | 1,456.8 | −0.068% | $3.7M | $9.1M | 50x | as long as short |
| Aftermath Perps ZECUSD | +0.0678% | 1h | 1,457.2 | −0.044% | $45K | $49K | 10x | as long as short |
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Bybit ZECUSDT
OKX ZEC-USDT-SWAP
Ondo Perps ZEC-USD.P
Bulk ZEC-USD
Gate ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
Variational Omni ZEC
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
01 Exchange ZECUSD
Phoenix ZEC
Lighter RH ZEC
Backpack ZEC_USDC_PERP
Lighter ZEC
RISEx ZEC/USDC
Deribit ZEC_USDC-PERPETUAL
Kraken Futures PF_ZECUSD
Arcus ZEC-USD
Coinbase International ZEC-PERP-INTX
Aftermath Perps ZECUSD